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MSE News: House prices continue to rise, says Nationwide
Former_MSE_Helen
Posts: 2,382 Forumite
"House prices have recorded their largest year-on-year increase in 18 months, says Nationwide..."
Read the full story:
House prices continue to rise, says Nationwide
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House prices continue to rise, says Nationwide
This thread is not in the 'discuss house prices and economy board' as that is only open to those logged into the forum so anyone coming from the news story may not be able to see it.
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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Comments
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A 1.1% increase is a real-terms fall in house prices.
Prices have genuinely increased in certain areas of course. It's not a national picture.0 -
Yes apparently they're going to soar by 30% in 2 years experts have said quote from the Daily Express
So at 15% per year my place will be worth in 15 years (value today £300,000) ......£2,441,118
Not bad considering what I paid for it.0 -
A 1.1% increase is a real-terms fall in house prices..
So what you're saying is that house prices rose, AND the price of everything else rose by a bit more.
Perhaps we need a new name for "real terms falls".....“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »So what you're saying is that house prices rose, AND the price of everything else rose by a bit more.
Perhaps we need a new name for "real terms falls".....
No, he is exactly right on the definition of real prices, being prices of one thing relative to everything else.
The article is talking about nominal prices, which are prices in pounds shillings and pence.
As incomes rose by more than 1.1% affordability is up.
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martinsurrey wrote: »As incomes rose by more than 1.1% affordability is up.
Indeed.
And as mortgage rates are low, affordability has almost never been better.
Shame mortgage rationing is excluding so many people from being able to take advantage.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Look at the figure titled 'long term real house price trend' on the last page of Nationwides May release.0
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Igotothefootofourstairs wrote: »Yes apparently they're going to soar by 30% in 2 years experts have said quote from the Daily Express
So at 15% per year my place will be worth in 15 years (value today £300,000) ......£2,441,118
Not bad considering what I paid for it.
I think you can safely ignore any quote from the Daily Express.0
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